Scotiabank has adjusted its price outlook for Gold Fields Limited (GFI, Financial), increasing the target to $23, up from a previous $20, while maintaining a Sector Perform rating on the stock. The change is part of the bank's broader reassessment of the Gold & Precious Minerals sector.
The decision reflects expectations of stable margins in the upcoming quarter. Scotiabank anticipates neutral profitability from the first quarter, traditionally a slower operating period, with improvements forecasted in the latter half of the year.
Additionally, the institution highlights that discussions around possible tariff effects will be significant as companies assess their supply chains and purchasing strategies, which might influence overall cost structures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Gold Fields Ltd (GFI, Financial) is $21.60 with a high estimate of $27.00 and a low estimate of $18.00. The average target implies an downside of 8.05% from the current price of $23.49. More detailed estimate data can be found on the Gold Fields Ltd (GFI) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Gold Fields Ltd's (GFI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gold Fields Ltd (GFI, Financial) in one year is $22.18, suggesting a downside of 5.58% from the current price of $23.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gold Fields Ltd (GFI) Summary page.
